Retailers moving into old downtown buildings, an abundance of freshly planted greenspaces, and a stream of new jobs in Knoxville, Tennessee, are all signs to Mayor Madeline Rogero that for the last year prosperity has been blooming in her city.

President Obama offered Republicans a detailed plan for averting the year-end “fiscal cliff” that calls for $1.6 trillion in new taxes, $50 billion in fresh spending on the economy and an effective end to congressional control over the size of the na

The penny has run out of luck, both in Canada and in the United States. Back in March, the Royal Canadian Mint announced that they were phasing out the penny due to “low purchasing power and rising production costs”, according to CBC News.

The constant bad news about the sorry state of the nation has left me feeling like a cartoon character being pummeled in one frame after another in a comic strip, as if balloons are floating over my head containing the words: Pow! Bam! Bonk! Zap!

US Case-Shiller home price index (9:00 EDT): We expect the Case-Shiller 20-city home price index to show a 3.6% y-o-y increase in September as price gains continue to spread across the country (Consensus: 2.98%, previous: 2.03%). An increasing number

The head of the financially struggling U.S. Postal Service said the agency must be allowed to ease the terms of prepayments into a retiree health-care fund and eliminate general mail delivery on Saturday.

I've known about this for years, but Craig Steiner has laid it all out with the numbers and the facts. Steiner also explains that it was the usual doublespeak and government "arithmetic" that made it look like the U.S. government had a surplus.

US Cyber Monday sales broke records as online shoppers shelled out 30 percent more on web deals compared to 2011. Is this good for an economy on the edge of recession or is it inconsequential, as many of the purchases were for items manufactured abro

Bankrupt San Bernardino, California, voted on Monday to present a plan to a bankruptcy judge that seeks to balance its budget through deferring payments to the state's public employee pension fund and to the city's bondholders.

In his NY Times column Paul Krugman lets himself go and calls for an outright "inflation solution." The government, he says, does not have to worry about debt, since it can print as much money as it wants and investors apparently never

The Salt Lake Tribune reports, “This season appears to mark the end of Black Friday as we know it.” Well, that's not exactly good news.
Whether or not Black Friday becomes Black Thursday or even Black Wednesday, I believe that businesses shou

Congress returns from its week-long Thanksgiving holiday Monday, as lawmakers and President Barack Obama try to avert a looming fiscal crisis that could send the entire US economy plunging into recession again.